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Underlying:NAS100
Time frame:1D
The markets are at all time highs... but how much longer can it go?
Currently the NASDAQ is creating a very pretty looking wedge formation. There are two options as we all know, it will break down or break up (obviously). As this market has had so much strength will small moves I feel that people are getting over-confident. This over confidence is showing hte volatility index (VIX) too. The risk currently is to the downside and this is how I am playing the trade.
If we touch the top of this narrowing range, I will short it and wait for it to break below.. Please note it has been incredibly hard to short the markets.
Underlying:NAS100
Time frame:1D
The markets are at all time highs... but how much longer can it go?
Currently the NASDAQ is creating a very pretty looking wedge formation. There are two options as we all know, it will break down or break up (obviously). As this market has had so much strength will small moves I feel that people are getting over-confident. This over confidence is showing hte volatility index (VIX) too. The risk currently is to the downside and this is how I am playing the trade.
If we touch the top of this narrowing range, I will short it and wait for it to break below.. Please note it has been incredibly hard to short the markets.
